Tilgin AB: Interim report 1 January - 30 June 2009

Tilgin AB: Interim report 1 January - 30 June 2009

Interim report 1 January - 30 June 2009 for Tilgin AB (publ), Corp ID no.
556537-5812

Second quarter 2009
•  Net sales SEK 23.3 million (37.7)
•  Net result SEK -16.2 million (-2.7)
•  Result per share from continuing activities SEK -0.36 (-0.08) before dilution
•  Order intake SEK 19.4 million (35.8) and order backlog as of 30 June 2009 SEK
24.6 million (52.2)
•  Gross margin 37 % (36 %)
•  Operating result SEK -15.3 million (-2.4)
•  Cash flow from operating activities SEK -9.4 million (-2.2)
•  Cash and bank amounted to SEK 20.9 million (52.7) as of 30 June 2009

First half of 2009
•  Net sales SEK 62.0 million (63.2)
•  Net result SEK -23.4 million (-16.8)
•  Result per share from continuing activities SEK -0.52 (-0.59) before dilution
•  Gross margin 36 % (37 %)
•  Operating result SEK -22.3 million (-16.6)
•  Cash flow from operating activities SEK -12.6 million (-7.2)

Other issues
•  A number of operators have in the second quarter postponed their roll-outs of
broadband services, and thus their investments, due to the currently uncertain
global economic situation
•  A new sales organization and new market communication has resulted in new
orders from, among others, Germany, the Middle East and USA
•  Gross margin continues to be strong, 37 percent in the second quarter, and
has now exceeded 35 percent seven quarters in a row
•  After the end of the quarter Tilgin won a new order of approximately SEK 7
million, from a leading incumbent in the Middle East
•  Personnel costs were reduced compared with the first quarter. The company has
now taken further steps to lower personnel costs by approximately 15 percent
compared with the second quarter 2009, with full effect from the fourth quarter


― End ― 

"Tilgin makes this information public in accordance with the Swedish Securities
Exchange Act and/or in accordance with the Swedish Financial Supervisory
Authority."

Phone conference:
In view of the interim report, the capital market is invited to a conference
call on Friday 21 August. The conference will start at 09:00 CET. Participants
may follow the conference via www.tilgin.com/q209, or access it by dialing +46
(0)8 5052 0110. A presentation is held available at www.tilgin.com when the
phone conference starts.

To access the report in its full length, please click on the attached pdf-link.

For further information: 
Ola Berglund, CEO Tilgin 
Telephone: +46 739-618603 
E-mail: ola.berglund@tilgin.com

About Tilgin 
Tilgin designs and delivers premier IP based solutions for advanced Triple Play
and IMS based services. Supporting the full convergence of voice, video and
data, Tilgin takes a network systems approach to customer premises equipment CPE
that enables service providers to offer a broad range portfolio of innovative
and competitive broadband services. Tilgin's comprehensive product portfolio of
IP residential gateways, and related management applications, offers service
providers unprecedented return on investment - delivering new service revenues
and impressive cost savings over the lifetime of the product. Tilgin was founded
in 1997 under the name i3 micro technology and listed on the Stockholm Stock
Exchange on the Nordic List as of December 2006. It is headquartered in Kista,
Sweden, with European sales representation in France and Germany. www.tilgin.com